Announced Thu, 13 Aug, 2026 · 18:14 IST
Indigo Paints to acquire additional 11 percent stake in Apple Chemie India
INDIGOPNTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹1121.00
prior close
₹1211.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-2.0-2.9-4.1+3.6+2.2+2.7+0.4+2.7+1.3+5.3-5.6——
Up moveDown movePending
AI summary
Indigo Paints board has approved exploring the acquisition of an additional 11 percent equity stake in Apple Chemie India Private Limited (ACIPL) from existing shareholders. ACIPL is already a 51 percent subsidiary of Indigo Paints, acquired in April 2023. The additional stake is subject to execution of definitive agreements and compliance with applicable laws. Detailed disclosure will be provided once agreements are signed. Board meeting was held on August 13, 2026.
Likely market impact
Positive for shareholders as it signals further consolidation of subsidiary. Deal still exploratory with no definitive agreement yet.